Ethereum (ETH) has had quite an active and interesting few weeks. Now the coin breaks a new record for daily Ethereum (ETH) futures volume, while accumulating windfall profits.
Ethereum, the latest happenings
On Sunday, Ethereum futures trading volume hit a new all-time high of just under $ 14 billion, according to data presented by Skew Analytic.
To have a little more perspective, it represents an increase of 45% compared to the previous maximum reached on July 27.
Likewise, Skew reported that close to 80% of the total ETH futures trading volume was concentrated in the crypto exchanges Huobi, OKEx and Binance.
The interesting thing is that this is happening at a time when ETH’s market valuation has continued to rise dramatically.
In fact, according to Glassnode, over 90% of crypto users who own the cryptocurrency have made a profit from the recent spike.
That is, more than 90% of users purchased ETH before its price increased, Anthony Sassano explained on Twitter.
Twitter Hack Update: Guilty Has $ 3.3 Million In Cryptocurrency
In the latest version of the Crypto Summary, we reported from CryptoTrend that Graham Clark’s arrest had been made by the Twitter hack, where cryptocurrencies were involved.
Two other teens were subsequently arrested, one located in Naples, Florida and the other at Bognor Regis, a spa in England.
An interesting fact that was revealed is that the investigators managed the arrests thanks to the KYC records obtained from Binance and CoinDesk.
For their part, authorities have set a bond of $ 725,000 for Graham Clark according to the Tampa Bay Times.
Another interesting fact that Clark’s lawyer revealed during the hearing, is that the teenager controls at least 300 Bitcoins, worth approximately $ 3.3 million. Funds that were authorized to be used to pay the adolescent’s bond.
Controversial crypto project by The Economist
The Economist announced a controversial crypto project: HEX. Many probably wonder: Why controversial? Well, many users in the cryptocurrency community believe that HEX could be just a pyramid scheme.
Suspicions arise from HEX’s own structure, since it is basically designed to reward its users from the start. Plus, you can earn more rewards as you bet more and for longer.
Will it really be a pyramid scheme? Time will tell.
The Bitcoin era is near
Cryptocurrencies have given a lot to talk about in the past few weeks and Max Keizer couldn’t be left behind. So Keizer pointed out today that the era of the Bitcoin standard is closer than ever.
“Bitcoin has increased millions of percentage points in 11 years. 5%, 10%, 15%, 20%, or even 50% correction doesn’t mean much as we head to $ 100,000 and then $ 400,000, as the new era of a Global Bitcoin Standard takes hold” wrote On twitter.
In a few lines …
- United States prosecutors file suit against Banana.Fund, alleged crypto ponzi scheme for $ 7.1 million in cryptocurrencies.
- Following Bitcoin’s impressive bullish momentum, the cryptocurrency hit an annual high of $ 12,120, then a flash crash occurs.
- Switzerland decides to establish the new Stablecoin World Association to create a united front to address regulatory concerns.
- Travala adds more than 600,000 hotels to its platform where you can book using cryptocurrencies.